Fintech

Facing a 25-year prison term, Sam Bankman-Fried has appealed his conviction for stealing $8 billion from FTX customers. The ex-billionaire crypto wunderkind’s downfall involved fraud charges and commingling assets. Three former close associates testified as prosecution witnesses against Bankman-Fried, saying he ordered them to use FTX funds to pay Alameda’s debts, make political donations and …

Sam Bankman-Fried appeals FTX fraud conviction, 25-year sentence Read More »

Increased regulatory requirements in fintech drive demand for professionals with expertise in blockchain, AI, and cybersecurity. Boards seek leaders capable of navigating complex regulatory landscapes while fostering innovation and ensuring regulatory compliance for sustainable growth. With a majority of employers citing difficulty in finding talent with the right mix of technical and soft skills, the …

Rise of fintech leads to demand for leaders who can manage regulatory and business requirements Read More »

ZeroPe, led by Ashneer Grover and Delhi NBFC Mukut Finvest, offers up to Rs 5 lakhs instant medical loans. Third Unicorn, Grover’s venture post BharatPe, prioritizes app development including CrickPe fantasy platform.

According to the Fintech India report released by data intelligence platform Tracxn, funding during the January-March quarter dried up year on year across stages, with seed stage down 77% to $9.9 million, early stage down 42% to $147 million and late stage falling 60% to $394 million, compared to the previous year.

With illicit financial operations becoming increasingly complicated, blockchain has emerged as a potent solution to a number of the issues that traditional AML procedures confront. Blockchain technology, by providing a secure and transparent ledger system, can assist fintech companies in better ensuring regulatory compliance and detecting suspicious activity. Read more:

The total volume in DeFi is currently $7.54 billion, 9.56% of the total crypto market 24-hour volume. The volume of all stablecoins is now $72.24 billion, which is 91.65% of the total crypto market 24-hour volume, as per data available on CoinMarketCap. In the last 24 hours, the market cap of Bitcoin, the world’s largest …

Cryptocurrency Price Today: Bitcoin trades above $71,000; Ethereum, Toncoin decline up to 3% Read More »

In an exclusive interaction with ETBFSI, the Revolut India said it has received the PPI license from RBI and is planning to launch its app soon. ‘The app is live with its employees and is in the testing phase, in terms of compliance and customer experience, but once all bugs are cleared the app will …

Exclusive: Revolut India gets PPI license from RBI, to launch app soon Read More »

Motilal Oswal projects revenue from operations to amount to Rs 1,830 crore, marking a 21% year-on-year decrease.

The Hong Kong units of China Asset Management, Harvest Fund Management and Bosera Asset Management are among the applicants, according to the two people and a third source. Hong Kong’s Securities and Futures Commission (SFC) and the three Chinese companies declined to comment. The sources were not authorised to speak to media and declined to …

Hong Kong set to approve its first spot bitcoin ETFs in April Read More »

The SEC’s battle with Coinbase, the world’s largest publicly traded cryptocurrency exchange, rests on one core debate: whether digital assets are investment contracts akin to stocks or bonds that should be regulated by the SEC. Uniswap is a crypto marketplace for decentralized finance or DeFi developers, traders and liquidity providers.